$59.99 Per Sq Foot $3,220 est/mo Sourced by Back At You

5000 W 16th Street,Cicero, IL 60804

Cicero IL, 60804

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Description

This is the opportunity you've been waiting for! Massive VALUE ADD - 11 UNIT opportunity in an ideal and highly dense business corridor in a prime Cicero location! 6 commercial units and 5 fully occupied cash-flowing residential apartments. This is your opportunity to build equity in a highly appreciating area! Package deal! Owner is retiring after 40 years! Rare opportunity! Sale includes a fully operating and profitable convenience store. Room to increase profits by improving and expanding convenience store, or simply lease out! First floor can be expanded for large businesses, or keep it divided for multiple streams of income. Perfect location for businesses on highly visible corner. Cicero is a highly appreciating market with a new Amazon warehouse and other major companies in the immediate area. This particular pocket is perfect for a landlord and for businesses due to its central location in an incredibly dense residential area. Vacancy rates are incredibly low. High rental market due to low inventory! Current owner did well off of his convenience store and so didn't need to rent out commercial units. Ask real estate agent for actual and projected numbers. Potential cap rate of 9-10%. Apartments: 4 bed/2 bath. 3 bed/1bath. 2 x 2 bed/1 bath. 1 bed/1bath. Large building with 100x60 ft exposure on two major streets. Opportunity to take your business to new heights! Schedule your showing before it's gone.

Details

MLS#12002550
Listing TypeFor Sale
StyleTown House
Sub-TypeResale
StatusActive Under Contract
Year1924
Days On Site72
Listing Provided ByDuarte Realty Company | Josue Duarte

Features

SQ Feet10,000
Story(s)2
Units11
ZoningMULTI

Market Activity 60804

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Listings Checked: 9 minutes ago
StateIL
CountyCook
CityCicero
Zip Code60804
AreaCicero
Listing VS Median (in 60804)
Price:
$599,900
low | high
Med:
$285,000
100% of Average
SqFt:
10,000
low | high
Med:
982
100% of Average
$ / SqFt:
$60
low | high
Med:
$290
100% of Average
On Site:
72
low | high
Med:
36
100% of Average
Sourced by Back At You
Listing Updated: May 22, 2024 at 2:09:32 AM PDT